Nokia 2010 Annual Report Download - page 124

5F. Tabular Disclosure of Contractual Obligations
The following table sets forth our contractual obligations for the periods indicated as at December 31,
2010.
Contractual Obligations Payments Due by Period
2011 20122013 20142015 Thereafter Total
(EUR millions)
Longterm liabilities ....................... 116 133 1977 2220 4446
Operating leases .......................... 285 375 204 205 1069
Purchase obligations ...................... 2307 290 8 1 2606
Total ................................... 2708 798 2189 2426 8121
Benefit payments related to the underfunded defined benefit plans are not expected to be material in
any given period in the future. Therefore, these amounts have not been included in the table above
for any of the years presented.
ITEM 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES
6A. Directors and Senior Management
Pursuant to the provisions of the Finnish Companies Act and our Articles of Association, the control
and management of Nokia is divided among the shareholders at a general meeting, the Board of
Directors (or the “Board”), the President, and the Nokia Leadership Team (formerly the Group
Executive Board) chaired by the Chief Executive Officer.
Board of Directors
The current members of the Board of Directors were elected at the Annual General Meeting on May 6,
2010, based on the proposal of the Board’s Corporate Governance and Nomination Committee. On the
same date, the Chairman and Vice Chairman, as well as the Chairmen and members of the
committees of the Board, were elected among the Board members and among the independent
directors of the Board, respectively.
The members of the Board of Directors are elected on an annual basis for a oneyear term ending at
the close of the next Annual General Meeting. The election is made by a simple majority of the
shareholders’ votes represented at the Annual General Meeting.
The current members of the Board of Directors and its committees are set forth below.
Chairman Jorma Ollila, b. 1950
Chairman of the Board of Directors of Nokia Corporation.
Chairman of the Board of Directors of Royal Dutch Shell Plc.
Board member since 1995. Chairman since 1999
.
Master of Political Science (University of Helsinki). Master of
Science (Econ.) (London School of Economics). Master of
Science (Eng.) (Helsinki University of Technology).
Chairman and CEO, Chairman of the Group Executive Board of
Nokia Corporation 19992006. President and CEO, Chairman of
the Group Executive Board of Nokia Corporation 19921999.
President of Nokia Mobile Phones 19901992. Senior Vice
President, Finance of Nokia 19861989. Holder of various
managerial positions at Citibank within corporate banking
19781985.
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